From ₹618 to ₹3977 !! 542% still worth buying ? -YP Buzz

 YP Buzz - 

                          The Balaji Amines allocation has delivered a 542 percent return to shareholders over the past 12 months. This allotment stood at Rs 618.95 on August 3, 2020. Rounding to Rs 3,977 today, it translated and received 542 percent during this period. By comparison, Sensex has hit 45 percent in one year. The amount of Rs 5 lakh spent on this multi-bagger stock last year would be Rs 32.12 lakh today. Stocks have acquired 271 percent since the beginning of the year. 

Market Rise

There has been a 20 percent increase to hit the 52-week high of Rs 3,977 on the BSE after the company reported strong quarterly earnings that ended in June 2021. With more than Rs 11,000 million market capitalization, the Balaji Amines share stands at more than 5 a day, a day 10th, 20th day, 50th day, 100th day, and 200-day moving averages. The daily pressure has also improved for a short period of time. The stock after the gold crossover has been leading the way for the rising station and the lower end of the station's support has been identified at Rs 2,600 and the maximum end of the channel targeted at Rs 4,500 it's a target, "he noted. "Since the stock has given the gold crossover its limit has been limited to its 50DEMA and has not been closed below those levels.

Therefore, every time the stock reaches 50DEMA it forms a high base there. of the current stock of Rs 2,828, "he added. He added that the two key short-term bases were Rs 2,828 and Rs 2,600 and the target for the position would be Rs 4,500 and the short-term target would be Rs 4,100. According to MarketsMojo, the company has a high debt repayment capacity as the company has a minimum EBITDA debt of 0.62 times. Also, with a return of 542% return over the past 1 year, the stock has achieved BSE 500 over the past three years, 1 year, and 3 months.

The trend in technology has improved since Mildly Bullish on July 20, 2021, and stocks of technology are in the current European range and have produced a 21 percent return since then. Many stock features are bullish like MACD, Bollinger Band, KST. Note, however, that estimates are more expensive right now. The company reported a total profit of R90.38 crore for the quarter ended June 2021. Profits last year stood at Rs 32.96 crore. Operating revenue increased by 16 percent to Rs 450.68 crore in the quarter ended June compared to Rs 222.91 crore last year. EPS gained Rs 27.90 in June 2021 from Rs 10.17 in June 2020.

Thanks & Regards,

 YP Buzz

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